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Search Results 0 to 49 of about 169 (some duplicates have been removed)
WETA
Feb 12, 2013 8:00pm EST
mandatory cuts in federal spending, another debt ceiling vote, along with new worries over the effect of any cuts on a still-weak economy. at issue is nothing less than the size and responsibility of the federal government. we call the film "cliffhanger." frontline is made possible by contributions to your pbs station from viewers like you. and by the corporation for public broadcasting. major support for frontline is provided by the john d. and catherine t. macarthur foundation, committed to building a more just, verdant and peaceful world. more information is available at macfound.org. additional funding is provided by the park foundation, dedicated to heightening public awareness of critical issues. and by the frontline journalism fund, with a grant from scott nathan and laura debonis. >> polls open across the... >> it's going to be a fierce battle for control of the house and the senate... >> one of the most closely watched midterm elections in years... >> decision day, voters across america head to the polls for midterm elections, with control of congress hanging in the balance... >>
PBS
Feb 12, 2013 10:00pm PST
something which had not been done before, which is to use the debt ceiling vote for maximum leverage and threatened to throw the country into default. >> narrator: without raising the debt ceiling, the government would be unable to pay its bills. cantor saw the threat of a no vote as leverage to force the president to accept dramatic spending cuts. >> you always look for these moments when the president has to have something passed. but the debt ceiling represents the equivalent of a massive fiscal heart attack. >> narrator: cantor told them no president could ignore the threat. >> it has to be done. it's essential. if you don't raise the debt limit, you can no longer borrow, you can't pay your bills. you default. >> narrator: the new republicans got the message. >> in other words, "look guys, as a team we recognize that this is a leverage point. trust us and we're going to use it so that you fulfill your campaign promises." >> narrator: majority leader cantor had laid out an approach that would put the new congress in direct conflict with the white house. >> it was clear the republi
CNN
Feb 10, 2013 3:00pm EST
paychecks and on may 18th, the current debt ceiling suspension ends. with no deal even the threat of the u.s. defaulting could again result in the downgrade of america's credit rating. the consequences for you could be dire. your borrowing costs would likely rise along with your taxes. you could expect cuts to the programs and government services you rely on. jon king is cnn's national correspondent. jon, president obama says he wants a big deal on budgets and debt. he won the battle for public opinion. he won a second term while congressional approval continues to be super low. is there something more he could be doing to end the small thinking about big problems that has become the norm in our nation's capital? >> he still wants the grand bargain he's been talking about for several years. this past week he came out and said we need another temporary fix. the term sequester is essentially a fancy word for the president and congress not doing their jobs. you laid it out pretty clearly. the president is late submitting his own budget. so he's part of the problem, too. but he does have the u
CSPAN
Feb 10, 2013 10:00am EST
, and then, of course, republicans moved the just as we went over the fiscal big debt ceiling debate to may 18. so, you have these self-imposed economic wounds, and really what we should be doing is dealing with them all at once in a comprehensive manner. if we cannot deal with it for a 10-year period, at least deal with it through the remainder of this fiscal year and that is exactly what the house democratic alternative did. we would replace that sequester with deficit reduction achieved over a longer time. >> you, in suburban maryland, represent a lot of people that would be directly affected if the sequester hits. do you think the administration is doing a good job of preparing federal workers and folks whose paychecks depend on what happens in the next few weeks for how it will work and how to plan their lives? >> we have been urging them to provide guidance to federal employees because as we get closer to the date there is more and more anxiety, understandably. they are trying to provide notice to employees about things that can be expected, but the problem is it affect each agency d
CNN
Feb 10, 2013 12:00pm PST
to end a debt ceiling debacle in 2011. next while congress takes a two-week break for easter and passover, funding for the federal government will expire. that means a shut-down if congress doesn't act in time. and april 15th, thanks to the no budget, no pay act, the house and senate must pass a senate or they stop getting paychecks and on may 18th, the current debt ceiling suspension ends. with no deal even the threat of the u.s. defaulting could again result in the downgrade of america's credit rating. the consequences for you could be dire. your borrowing costs would likely rise along with your taxes. you could expect cuts to the programs and government services you rely on. jon king is cnn's national correspondent. jon, president obama says he wants a big deal on budgets and debt. he won the battle for public opinion. he won a second term while congressional approval continues to be super low. is there something more he could be doing to end the small thinking about big problems that has become the norm in our nation's capital? >> he still wants the grand bargain he's been talking abo
CSPAN
Feb 14, 2013 5:00pm EST
leadership in the house of representatives. and it was designed to raise the debt ceiling because we had borrowed all the money that legally could be borrowed, and the administration wanted to spend more and borrow more money. we were borrowing well over 35 cents out of every dollar that we spent at that time and still are, and so he wanted to raise the debt ceiling, and the people holding the credit card, the united states congress, said wait a minute, you have run up too much debt, you have got to lay out a plan that at least over ten years would equal the amount we raised the debt ceiling. you get to spend that money now, and it was spent in 18 months. we already hit the debt ceiling again. we would raise this debt ceiling $2.1 trillion, and an agreement was reached to reduce spending over the next ten years by $2.1 trillion. so that was then. the president signed that. the democratic leader in the senate agreed to that. the speaker of the house, the republican, agreed to that. that became the law. well, we were on path at that time -- and these are numbers that we live with every day
MSNBC
Feb 11, 2013 4:00pm EST
. >> this is not a complicated concept. >> the debt ceiling crisis is brought on by its own country. >> ka zik stan is kiflized. women can now travel on the inside of the bus. >> we have a girl on the show. >> this is beginning to feel like one of darrell issa's committees. >> i think tupac's lyrics were nor insightful. >> it's like lipstick on a pig. >> let's get right to our panel now. i'm joined by steve kornacki, my colleague, ven vogel is the chief investigative reporter at politico and the great goldie taylor is an msnbc contributor. welcome to all of you. steve, i want to talk about this piece in "the new republic." it's called why the gop is and will continue to be the party of white people. and it provides real historical context. i know you have seen it, too. how does a party which has traditionally at least over the last four years showns indifference, often times hostility towards minorities, suddenly change itself. >> i don't see the path. i couldn't sit here right now and tell you if they do this, if they nominate this person and if they change this policy, problem solved, but there is a huge pro
CSPAN
Feb 12, 2013 1:00pm EST
, and that will be important as well so we can compare the two. then we move into the debt limit, the debt ceiling deadline of may 19 which is the time, ladies and gentlemen, where we -- where if we can work together, if we can work together as the representatives of the people of this great country, come together and find the solutions that will get us on the progrowth path, because you can't balance the budget solely on raising taxes. you can't balance the budget solely on spending reductions. you got to get this economy rolling again. and for us that means appropriate fax reform. it means savings, strengthening and securing medicare and medicaid and social security. programs that are currently on a path for bankruptcy. it means adopting a sane energy policy in this country. to make it that we are independent -- energy independent, that we don't send money overseas over and over and recognizing we are a red tape regulation nation right now that's destroying the ability for small and large businesses to create jobs. pro-growth policies are what will actually get us out of the doldrums that we are in right
CSPAN
Feb 12, 2013 8:00pm EST
, and these two questions at the constitutionality of the debt ceiling legislation through the house and senate on the pay issue in payment of the public debt in social security, whether they have enough in their surplus from what people paid regardless of what the government is taken out, or what they have paid in counts. it is count in the deficit numbers picture trying to do something about? who wants to go first? congressman price. >> yeah, the debt ceiling affairs. nobody is talking about paying the data. nobody is talking about not paying the public debt. what were talking about is making sure we get are spending under control so we can create an economy that's vibrant and be able to cover the debt of this great country without the austerity measures we've seen in other countries. so there's two things you got to think about. the debt that's been incurred. yes, the nation is good for that type. and the path forward. are we going to ban that down so they can actually have an economy that is vibrant and create jobs, or are we going to go as far as the eye can see? you could do some point we
CNN
Feb 16, 2013 10:00am PST
on this show in mid-january. we discussed the debt ceiling. you voted against the deal to suspend the debt ceiling with 34 of your fellow senators but it passed anyway. what yo do you need to see in a bill to avoid the sequester sometime between now and the end of february? >> ali, first of all, as someone who did run a business for 22 years, i'm embarrassed about the way we're operating the country right now and i want to say that up front. sequestration is a bad idea. we ought to be doing our business, approapriating and budgeting, making decisions on cost b-benefit analysis. these continual deadlines and cliffs is no way to run a country much less a company. >> when you run a company, you have these things called poison pills. that's what the sequestration was. something to awful it would prevent a certain course of action from taking place. why is it that elected officials don't treat that the same way that you would if you were in business? if you had a poison pill in your business to say if you don't do something x will happen or if you do x would happen, you'd avoid that bad thing.
FOX News
Feb 9, 2013 1:00pm PST
that would be devastating to the nation's military and the defense industry. you have debt ceiling coming up few months after that and congress is supposed to pass a budget in the next couple of months but obviously they have not done that. >> gregg: he has raised taxes not only on high income earners, he has raised taxes on everyone. the word is he is going to say, he needs more money, more tax revenues. how is that going to be received? >> i can tell you on capitol hill it has not been received very well. house republicans basically, many of them didn't vote for the package that included the tax hikes you are referring to, the one that was voted right after new year's eve. they say that is enough. they don't want to see any more offers that includes tax increases. consider they hold the house majority and they can hold to that the best they can. i doubt we would see a package to stave off a sequester anything comprehensive like that. the best we're going to see a kick the can down the road and stave off the cuts. >> gregg: do you think this president, in a way, try to persuade the nation,
FOX News
Feb 12, 2013 7:40pm PST
the president asked. remember we went to the debt ceiling and couldn't get anywhere this is one thing he asked. when he didn't want to do anything about it coming to the future and ignore it. remember in his presidential campaign second debate said this would never happen. it's never done any action to try and cut somewhere else. even though the house, the republicans led last term and passed a bill twice and died in the senate and didn't take action. now that it's coming to the deadline, he wants to ignore, that's kicking the can down the road. you can't do that. we spend more than we bring in. i mean, look, in the first two months of this new fiscal year, our revenue increased by 10%, an extra 30 billion, but our spending increased 16 billion. and 30 seconds left. and yep, i've got to do that one? >> i thought when he talked about men and women in our military making sure they're able to do and be the very best, yeah, we all agreed. i thought when he talked about looking for the future in investing and research, i'd like to invest in research further. i know that pays off. but you can't make
KICU
Feb 15, 2013 4:00am PST
on the spectrum, you have a few things in the marketplace - of course, the debt ceiling coming up is one. but if you look at the market overall, it is still maintaining at that these high levels. it is working off some of the overbought conditions it basically attained through january, and, again like i said, we're only 1% off of the dow high from 2007, and we're only 2% off of the s&p high from 2007, so the market is consolidating here at a very good level, and it looks like it definitely has the potential to push those highs in the next couple of weeks. > what is going on with the big money, we used to call it, the so-called smart money, a lot of people just call it, the institutional players now. what do you see happening with those big funds and portfolios out there? > > you are seeing some allocations coming in, because basically what we are seeing is you're seeing some allocations coming into the market, then we are seeing them hedging some of that in the vix. but ultimately, they're putting a lot more money to work than they are kind of hedging out some of their downside risk. but
NBC
Feb 12, 2013 5:00am EST
. the fight over the debt ceiling is back in play in mid may. >> hallie jackson, thank you. >> 5:27. >> the latest on the breaking news out of college >> you're watching wbal-tv 11. live, local, late-breaking. this is 11 news today at 5:00 a.m. >> good morning. welcome back to 11 news today. i'm mindy basara. >> and i'm stan stovall. thanks for joining us for 11 news today. here's a look at some of our top stories. police on the scene of a death investigation near the college park campus at the university of maryland. the university sent out and emergency alert to all students that said a shooting happened on campus. suspects were seen leaving in a honda odyssey. >> a successful nuclear test from north korea. the white house calls the latest test a highly provocative act. >> a financial plan for baltimore from stephanie rawlings-blake. having city employees contribute to their pensions. you can read more on our website, wbaltv.com. >> not to bed as far as the temperatures -- not toobad as far as the temperatures. 45 degrees at the airport. we will make it up to 50 this afternoon.
SFGTV2
Feb 16, 2013 8:00am PST
on in the present debt ceiling controversy in washington. >> my favorite book just recently, and i tell you it is $9.95 on amazon, is president kennedy's book called "nation of immigrants." it was written in the early 1960's. it will take you a couple of hours to read it again. it is a fabulous book and makes you realize that nothing has changed in the last 50 years. he talks about why we are a nation of immigrants and why that has been the strength of america. so, yes, we are all a nation of immigrants. we should remember that in these debates. but florida has an interesting process, something the all states should adopt, but every 20 years, a group of 30 citizens are awarded by the governor, the speaker of the house, the senate, supreme court, to rewrite florida's constitution, every line of it. it does not go to the legislature. all those pesky lobbyists out there do not get a chance to lobby one way or the other. goes right to the citizens of the state. took us two years to do that. we look at these issues. in florida's constitution, a quality education is now in the florida constitution. i do b
FOX
Feb 14, 2013 6:00pm EST
the negative affects on the security of the country. >> the is he questionster was enacted during the 2011 debt ceiling negotiations and only to happen if law makers failed to agree. clearly, that's the case. meanwhile, president obama taking state of the union address to the road. he met with students and teachers at the college heights early education program. plans for increasing pre-school education. the president highlighted the program during his address tuesday night. today he emphasized earlier a child begins learning, the better he or she does down the road. >> the kids we saw today that i had a chance to spend time with in mary's classroom, they are some of the lucky ones. because fewer than 3 in 10 four year olds are enrolled in a high quality pre-school program. >> the president says congress needs to come up with a way to pay for all children to have pre-school education. republicans say they want to review his head start program before they spend more taxpayer money. >>> the edge on dc. today is valentine's day. this date has been used to bring awareness to violent acts against wo
CBS
Feb 14, 2013 11:00pm EST
not agree on a debt ceiling deal, the obama administration proposed what was known at the time as a compulsory trigger to force spending cuts if both sides couldn't agree on a deficit reduction plan. it was meant to be so awful that no one would let it happen. hill republicans essential signed off. the president signed it. both sides guessed these automatic across the board spending cuts we've now come to know as sequestration. the new deadline for the cuts is the end of the month. and there is no deal to stop it. we keep hearing how bad it will be. one day a weak furloughs for up to 800,000 civilian pentagon employees. friday the navy is expected to announce it will postpone the repair of almost two dozen ships, threatening tens of thousands of jobs in virginia alone. and those repairs? >> if we don't do that, we are sending a ship out in harm's way that may not be as fit to fate as it should be. >> so here's how we avoid it. >> reporter: virginia's tim kaine is among senate democrats proposing an alternative, a $120 billion deficit reduction plan half in spending cuts split b
CNN
Feb 10, 2013 10:00am PST
think at this point he lets the sequester kick in. this is not like the debt ceiling. the debt ceiling we were all terrified. if we even went a few hours with the u.s. government not paying interest on its debt, then god knows what would have happened. this is not like that. this is something where the negative effects kick in gradually. the world won't end if we go a month into this thing, so he can afford to wait, where i believe the republicans will have to cave eventually. what he should be looking for is i think some face-saving way for everybody to just kick this can down the road. we shouldn't be doing anything right now. >> [ inaudible ]. >> we could have some vague spending cuts promised in the future, some real revenue sources. >> all in the future. because you don't want any austerity now. >> this is a terrible time to do it now. >> i think his reaction depends on whether or not the republicans can hold their coalition together. and if they can create a coalition that holds together, which might even include some democrats, i think they can prevail on this issue and get a sm
Current
Feb 13, 2013 5:00pm PST
failed on the prior debt ceiling negotiations. we need to pass gun safety and gun violence prevention out of the house. we need to start here. we have many sensible measures. we have a gun task force that has put forth a variety of measures which should be by bipartisan. we should put those on the moore. the victims of gun violence, their families, their communities, they deserve this. not only calling for a vote, but i say we should call for a vote, and we should call for these bills to be passed. i think what the president said last night and how he said it was a call to arms for the country. people need to get on the phones e-mail and have their members of congress not be bullied by the nra and to support some of these gun safety measures. >> john: well, speaking of the nra i would have to say the most dramatic moment came at the end when the president calls for real action on gun violence. there seems to be a consensus that a bill expanding background checks could pass the house. does it look like those are lost cause force now? >> not lost causes, but an uphill battle. but again i do
MSNBC
Feb 11, 2013 7:00pm PST
that has been pushing, cutting the budget since the debt ceiling crisis. i mean, that is what this came out of. and now they want to turn around and place it on obama, but on the other hand they want to kind of convince us that they would ultimately go through the sequester if push came to shove. >> steve, that was very rude of jay carney to remind us of what, to use numbers like the factual record. >> we can see this week -- in 2011, it happened twice, actually o-- first, there was this continuing resolution fight early in 2011. republicans were ready to shut down the government over spending cut demands. and the white house, what we now see there is a report out that jack liu found ways to make phantom cuts, to protect the poor, and republicans didn't really look into it and accepted it. and said now we got our spending c cuts. you're saying now, the debt ceiling showdown, you had a lot of republicans, leadership particularly who walked into this mess where they actually had their rank and file to do a debt default. they needed some way, any way out of it. so what the white house, the dem
MSNBC
Feb 13, 2013 10:00pm PST
caught tampering with this stuff again like we did on debt ceiling. but how does boehner try to keep control of his side on this? >> well, and that has been the big question. it is remarkable, actually, that we were able to avoid the fiscal cliff. i mean, we sort of went over it and we were able to keep that intact. and the republicans basically blinked, they realized on some level that they were becoming known as the party of manufacturing crisis. this was all they -- that they had to offer the country. if they go down that path too many times, their approval ratings are already at all-time lows. they can't sink any further in the public's estimation. and we're looking at sequester and continuing resolution. we're going to have another debt ceiling debate in the summer. now rather than the burden being on the democrats to figure out the problems, i really think the burden is on the republicans because if they have cause these crises time and time again, the american public sees what is going on and understands who is responsible. >> the president is offering them the chance to avoid
CNN
Feb 12, 2013 4:00am PST
raised the debt ceiling without spending cuts, is that a sign of understanding the art of legislating a little bit more, being more sophisticated in the ways of washington? >> it's a sign of recognizing opportunity in the next few months and give the president to reach out a hand and help us fix this country. >> reporter: all three lawmakers say they'll be listening for tonight. this is the beginning of the president's second term but they question whether or not his foe discuss on electing a democratic house than reaching out and getting something done the first two years of his last four years. >> dana, he also talked to them about lincoln. ed what what did they say? >> reporter: today is lincoln's birthday, people may not realize that. the president is entranced and taken back by the "lincoln" movie. i asked their perspective and got a really interesting few answers. the movie "lincoln" the president quotes and walks around the white house doing it. are there any lessons you can take from that going forward? >> i saw it three times. >> really? >> the biggest quote that resonated wi
ABC
Feb 10, 2013 8:00am PST
been talking about the budget control act but for your party refused to negotiate on the debt ceiling something that has been routinely increased as the country needed it. you use that occasion -- >> that is not the case. >> you used that occasion in 2011, august to basically say, we are going to let -- we're going to default on the country's obligation or you'll give us dramatic spending cuts. that's how we got to the budget control ago. let me tell you, the bottom line is this sequester will put a million people out of work, no, 600,000, excuse me, got to get my numbers right, 600,000 people out of work, and this is going to increase unemployment, it's going to increase the deficit because people paying taxes means that we're lowering the deficit. it's going to do -- it's going to do everything opposite to what your party says that they want. it's going to create uncertainty, it's going to increase the deficit. it's going to increase unemployment. >> that's why we put out proposals to deal with -- >> it's going to be a problem. >> -- deal with the key -- we don't have a presidential
CNBC
Feb 12, 2013 1:00pm EST
tore president obama to derail this rally, now that we don't have to worry about the debt ceiling? >> not only debt ceiling but last tuesday he put up sequestration. we're not going to come to an agreement, a couple of solutions, kick that can down the road, time to think and talk about it. you saw it grind higher. not real volume. listen, you want them, pay up, we're happy to sell on the way up. >> we're going to talk about apple during the course of the session, course of the program. what is your takeaway from what tim cook said or didn't say today? >> listen, i think it's very interesting this whole conversation with what einhorn has now created with apple. this conversation ensuing. i like apple. i like apple where it is at the moment. >> did you like it all the way down. >> i said a long time ago when it started to crack at 700, you had to be careful. there's so many names we saw at the end of the year, get into it, push and push the way the market got ahead of itself. i fully expect the market will back off some. it needs to some. if you look it up, exactly what it did over
FOX
Feb 15, 2013 4:25am EST
ceiling negotiations. it was to happen only if lawmakers fail today agree on reducing the nation's debt, something that has not happened yet. >>> last night senate republicans blocked the nomination of chuck hagel, the president's pick to be the next defense secretary. they are demanding more details from the white house on the daily raid on the u.s. consulate in libya last september and also want more time to look into income that hagel failed to disclose during confirmation hearings last week. republicans say they will not block an up-or-down vote after they get back from vacation in 10 days. >> i think that that is a sufficient period of time to get answers to any questions and i think that senator hagel after that period of time deserves a cloture vote and an up-or-down vote on his nomination. >> president obama says republicans are playing politics with national security during wartime and says hagel will eventually be confirmed. >>> coming up next on fox 5 morning news, warmer weather, the crack of the bat, you can almost smell spring around the corner, coh, yeah. baseball time.
Search Results 0 to 49 of about 169 (some duplicates have been removed)